First Bank & Trust Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

First Bank & Trust purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,476 shares of the Internet television network’s stock, valued at approximately $1,316,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Concurrent Investment Advisors LLC grew its stake in Netflix by 34.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 11,959 shares of the Internet television network’s stock worth $10,659,000 after buying an additional 3,061 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $507,000. Handelsbanken Fonder AB lifted its holdings in shares of Netflix by 3.7% in the 4th quarter. Handelsbanken Fonder AB now owns 197,945 shares of the Internet television network’s stock worth $176,432,000 after acquiring an additional 7,092 shares during the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of Netflix by 0.9% in the 4th quarter. WealthBridge Capital Management LLC now owns 1,550 shares of the Internet television network’s stock worth $1,382,000 after acquiring an additional 14 shares during the last quarter. Finally, Corps Capital Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $2,318,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.7 %

NASDAQ:NFLX opened at $1,043.33 on Thursday. The firm’s 50-day moving average price is $936.88 and its 200-day moving average price is $814.17. The company has a market capitalization of $446.29 billion, a PE ratio of 52.61, a P/E/G ratio of 2.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NFLX. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wedbush restated an “outperform” rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Guggenheim boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by insiders.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.